By Sarah Lizee
Olympia, Wash., May 21 – GS Finance Corp. priced $1.58 million of 0% buffered index-linked notes due June 3, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus the index return, up to 7%.
If the index finishes flat or falls by up to 21%, investors will receive par plus the absolute value of the return of the index. Investors will lose 1.2658% for every 1% decline beyond the buffer.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Buffered index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $1.58 million
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| Maturity: | June 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index closes above its initial level, par plus the index return, up to 7%; if the index finishes flat or falls by up to 21%, par plus the absolute value of the return of the index; investors will lose 1.2658% for every 1% decline beyond the buffer
|
| Initial index level: | 2,863.7
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| Buffer level: | 79% of initial level
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| Pricing date: | May 18
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| Settlement date: | May 21
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| Agent: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
|
| Fees: | 1.1%
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| Cusip: | 40057C3E9
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